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Wired for Innovation: How Information Technology Is Reshaping the Economy Paperback – February 8, 2013

by Erik Brynjolfsson (Author), Adam Saunders (Author)

4.1 17 ratings

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Two experts on the information economy explore the true economic value of technology and innovation.

A wave of business innovation is driving the productivity resurgence in the U.S. economy. In Wired for Innovation, Erik Brynjolfsson and Adam Saunders describe how information technology directly or indirectly created this productivity explosion, reversing decades of slow growth. They argue that the companies with the highest level of returns to their technology investment are doing more than just buying technology; they are inventing new forms of organizational capital to become digital organizations. These innovations include a cluster of organizational and business-process changes, including broader sharing of information, decentralized decision-making, linking pay and promotions to performance, pruning of non-core products and processes, and greater investments in training and education.

Innovation continues through booms and busts. This book provides an essential guide for policy makers and economists who need to understand how information technology is transforming the economy and how it will create value in the coming decade.

Print length

176 pages
Language

English
Publisher

The MIT Press
Publication date

February 8, 2013
Reading age

18 years and up
Dimensions

7.68 x 5.29 x 0.47 inches
ISBN-10

9780262518611
ISBN-13

978-0262518611
See all details

Erik Brynjolfsson
7
Paperback
13 offers from $8.69

Editorial Reviews

Review

Compact and insightful, Wired for Innovation provides a synthesis of the research on econometric analyses of information and communication technologies (ICT) that bear on organizational and industrial productivity.—Steve Sawyer, Journal of the American Society for Information Science and Technology—

If e-business had an oracle, Erik Brynjolfsson would be anointed.

—Business Week—

About the Author

Erik Brynjolfsson, Schussel Family Professor at MIT's Sloan School of Management and Director of the MIT Center for Digital Business, is the coeditor of Understanding the Digital Economy: Data, Tools, and Research (MIT Press).

Adam Saunders is Assistant Professor in the Management Information Systems Division of the Sauder School of Business at the University of British Columbia.

Product details

ASIN ‏ : ‎ 0262518619
Publisher ‏ : ‎ The MIT Press (February 8, 2013)
Language ‏ : ‎ English
Paperback ‏ : ‎ 176 pages
ISBN-10 ‏ : ‎ 9780262518611
ISBN-13 ‏ : ‎ 978-0262518611
Reading age ‏ : ‎ 18 years and up
Item Weight ‏ : ‎ 2.31 pounds
Dimensions ‏ : ‎ 7.68 x 5.29 x 0.47 inches

Best Sellers Rank: #3,698,640 in Books (See Top 100 in Books)
- #2,740 in Information Management (Books)
- #7,121 in E-commerce Professional (Books)
- #7,213 in Environmental Economics (Books)

Customer Reviews:
4.1 17 ratings

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Erik Brynjolfsson
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Erik Brynjolfsson is a Professor at Stanford, Director of the Stanford Digital Economy Lab and one of the most cited scholars in information systems and economics.
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Adam Saunders
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Adam Saunders teaches in the Accounting and Information Systems Division at the University of British Columbia’s Sauder School of Business. His research aims to quantify technology-related intangible assets that are playing a significant role in generating market value and productivity. His work has been featured in The New York Times, The Economist, Nature, CBC, Forbes, The National Review, and CIO Magazine. With Erik Brynjolfsson, he is the co-author of Wired for Innovation: How Information Technology is Reshaping the Economy (MIT Press).
Adam is also passionate about teaching, and has won the Sauder Alumni Talking Stick Award for pedagogical innovation, the UBC Commerce Undergraduate Society Teaching Excellence Award, and has been nominated for the UBC Killam Teaching Award for excellence in undergraduate teaching. Since 2013, his course evaluations rank him in the top three among all full-time faculty at Sauder.
Prior to coming to the Sauder School, Adam was a Lecturer and Postdoctoral Fellow at the University of Pennsylvania's Wharton School, and previously worked for the White House’s Council of Economic Advisers in Washington, D.C. He holds a Ph.D. in Management from MIT, and an A.B. in Economics summa cum laude with a Certificate in Finance from Princeton University. Adam grew up in Toronto and lives with his wife and two children in Vancouver.
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Customer reviews

4.1 out of 5

17 global ratings

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Planckscale

Five Stars

Reviewed in the United States on July 9, 2016

Verified Purchase

Shows you how to identify the intangible value of IT, whether in business or in everyday life.

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Jysoo Lee

A little book with good question, but not answer

Reviewed in the United States on March 16, 2015

This is a little book on what you cannot measure. It starts with intangible benefits people enjoy (e.g., by Google and Wikipedia search) which do not show-up in GDP, which is more focused on tangible good. What then would be a reasonable way to measure total benefit to individual? After raising the question, the authors go on to the main topic of measuring the contribution of IT on productivity and economic growth. The issue is related to business practice and organizational capital which is also difficult to measure. It is clear that the authors raised important questions. But there is no answer available, just directions.

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Kiwi Cove

Not for the faint-hearted

Reviewed in the United States on March 20, 2014

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While I don't underestimate or downrate Brynjolfsson's technical research, this is a dense economic text, and didn't focus nearly as much on innovation as I had expected from the title.

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Hornell Public Library

Good

Reviewed in the United States on September 27, 2013

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Michael LoBue

Wired for Innovation an important read!

Reviewed in the United States on September 22, 2009

Brynjolfsson and Saunders did a masterful job of synthesizing a vast amount of material from a broad range of subject areas to produce a highly readable book on issues central to the economic challenges and opportunities that lie ahead.

Unlike so many business books today, the authors are not trying to pass along advice, which is refreshing. Rather, they provide a framework for understanding why productivity is vital and how information technology has contributed to innovation that drives productivity. This is one of those books worth tossing in the brief case as a travel companion on the next business trip.

7 people found this helpful

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Randy L

Nice to Know but Impractical

Reviewed in the United States on October 22, 2009

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This book is written very much like a college thesis e.g., "...Smith and Jones (2004) concluded that...," or "...developed by Smith and Jones (2003)," however, this technique was used so much it become a distraction. Also, many of the references he makes to justify his thoughts are actually references to himself. This book states the obvious and provides no practical strategies or methods to measure intangibles - which it started out to do. The information is nice to know but not useful in the practical world.

4 people found this helpful

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Youkung Lim

Wired for Innovation

Reviewed in the United States on May 28, 2010

Even though this book is pretty short (129 pages), it covers many interesting materials. There are eight chapters, and basically it shows the relationship between technology and economy. How economy had been affected by technology, and what the consequences are. This book is recommendable especially to business majors. I hope have fun with this book

2 people found this helpful

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CuriousCat

If your tool is a hammer everything looks like a nail.......

Reviewed in the United States on August 3, 2010

There are two ways to look at this book. First the central thesis is somewhat obvious. Yes, IT is a major revolution of the last decade. But does that mean every positive change around us can be explained by the IT-revolution? I think not.

Second, the conclusions are too far reaching. Like the "dummies" series we could come out with parallel titles "How Biotechnology is changing the world", "How smart-phones are changing the world" etc. When you look out through this author's shades every change is attributable to the one thing only: IT. The book would have been more worthwhile if the author had tried to be open to alternative explanations for the changes he sees. To put it in a geeky way: it lacks the null hypothesis.

2 people found this helpful

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Top reviews from other countries

Richard Meredith

thought-provoking analysis - what doesn't get measured gets done!

Reviewed in the United Kingdom on December 29, 2013

Verified Purchase

Although about technology, the scholarly analysis is much more about economic theory. Intangible assets as capital investment rather than expenses is a breakthrough conclusion.

A. Sigurdsson

Three Stars

Reviewed in the United Kingdom on May 1, 2017

Verified Purchase

Nice book, not as mind blowing or ground breaking as I expected.

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